Swap Differential definition
Examples of Swap Differential in a sentence
If the Swap Differential is negative, 360 shall pay an amount equal to the absolute value of the Swap Differential to Exchanging Group (or such other parties as are designated in writing by Exchanging Group prior to Closing) at Closing (a) by wire transfer of immediately available funds to an account or accounts designated in writing by Exchanging Group prior to Closing or (b) in such other consideration as shall be mutually agreeable to the parties.
If the Swap Differential exceeds zero, the amount of the Swap Differential shall be a reduction of the consideration received by Exchanging Group pursuant to the terms and conditions of this Agreement, and the parties shall allocate such reduction in consideration to the partnership interests of Cell Plus and the capital stock of ICN and CCTS as follows: 30.06% to ICN, 19.26% to Cell Plus and 50.68% to CCTS.
If the Swap Differential is negative, the absolute value of the Swap Differential shall be additional consideration received by Exchanging Group pursuant to the terms and conditions of this Agreement, and the parties shall allocate such additional consideration to the partnership interests of Cell Plus and the capital stock of ICN and CCTS as follows: 30.06% to ICN, 19.26% to Cell Plus and 50.68% to CCTS.